Zoomcar raised $9.15 million via private placement to fund debt repayment and expansion.

Nov 06, 2024•about 1 year ago

Amount Raised

$9.15 Million

BengaluruFinanceTravel

Investors

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Description

Self-drive car-sharing marketplace, Zoomcar, successfully priced a private placement, raising approximately $9.15 million in gross proceeds. The funds will primarily be used to repay around $3.6 million of outstanding debts and for general corporate purposes.

Company Information

Company

ZoomCar

Location

Anjaneya Techno Park, No.147, 1st Floor

Bengaluru, Karnataka, India

About

Zoomcar is India’s largest car-sharing marketplace, with over 25,000 cars listed on the platform. With a decade of experience in the industry, Zoomcar has become the market leader in the self-drive space, operating in 38+ cities across India. Our focus on mobile experience has made renting cars by hour, day, week, or month easier than ever. Zoomcar also boasts over 20,000 hosts, offering customers a variety of options to choose from. With its commitment to providing top-notch customer service, Zoomcar has become the go-to choice for anyone in need of a rental car.

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